Honest Burgers

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Honest Burgers - overview

Location

London, -, UK

Primary Industry

Travel & Leisure

About

Honest Burgers operates a chain of restaurants focusing on serving high-quality, British-style burgers made from locally sourced ingredients, complemented by their renowned rosemary salted chips. Founded by Dorian Waite, Philip Eeles, and Tom B in London, UK, Honest Burgers is a fast-casual dining establishment that specializes in gourmet burgers. The company has received a total of GBP 7 million in funding, with the most recent investment of GBP 7 million from Active Partners occurring on January 20, 2015. Frank Hayes serves as the current CEO of the company.


Honest Burgers specializes in high-quality British burger offerings, employing a farm-to-table approach that emphasizes locally sourced ingredients. Their core products include a diverse range of beef, chicken, vegetarian, and plant-based burgers, all constructed from scratch in-house, with a proprietary butchery ensuring fresh meat options. The company also prides itself on its signature rosemary salted chips, prepared from the best British potatoes acquired from local farmers. Operating across multiple locations, including London, Bristol, Cambridge, and Reading, Honest Burgers caters primarily to consumers seeking a gourmet fast-casual dining experience.


With a focus on community engagement, the brand collaborates with local businesses to create unique, region-specific menu items, enhancing their appeal to local clientele and visitors alike. Honest Burgers generates revenue primarily through direct-to-consumer transactions within its restaurants, as well as through takeaway and delivery services. For the most recent financial year 2024, the company reported a revenue of GBP 70,336,835. 50, with an EBITDA of GBP 2,165,822.


60. Customers can order from a menu that includes seasonal specials and custom burger options designed to cater to various dietary preferences. The pricing structure is designed to be accessible while reflecting the quality of ingredients used in their offerings. The business model also includes opportunities for group bookings and event catering, further expanding their revenue streams beyond traditional dine-in experiences.


Honest Burgers is strategically planning to expand its product offerings by introducing new seasonal menu items that align with local trends. The company aims to enhance its footprint by entering new markets in the UK by 2025. The GBP 7 million raised from Active Partners in January 2015 will be utilized to support these initiatives, including new restaurant openings and product development, ensuring a sustained approach to growth.


Current Investors

Active Partners

Primary Industry

Travel & Leisure

Sub Industries

Restaurants & Nightlife

Website

www.honestburgers.co.uk

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Honest Burgers - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedHonest Burgers-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.